Cement News tagged under: nigeria
Ashaka Cement sees profits rise 54 per cent27 September 2012, Published under Cement NewsNigeria-based Ashaka Cement plc has reported a YoY increase in profits of 54 per cent from NGN1.614bn (US$10.3m) to NGN2.489bn for 2Q2012 ended 30 June 2012. The company saw turnover rise to NGN12.261bn from NN10.22bn in 2Q2011. Commenting on the result, analysts at FBN Capital Ltd said the impressive performance may not be unconnected with efficient management of distribution and logistics as well as higher utilisation of coal to fuel power plants. “While we do not yet have management... |
Nigeria: Dangote Group employment drive20 August 2012, Published under Cement NewsTo generate more employment in the area, Dangote Group has unveiled plans to establish an agro-sacks manufacturing company at Ibese, Ogun state, to complement the Dangote Cement plant in the community as part of the company’s efforts to create employment, as well as other ventures. President of Dangote Group, Alhaji Aliko Dangote disclosed these investment plans during a meeting with Ibese community host members of Yewa North Local Government Council of Baales. Dangote, who was represented ... |
Lafarge: July '1203 August 2012, Published under Cement NewsLafarge's 1H turnover increased by an underlying 4.9 per cent to €7614m and the EBITDA rose by 7.8 per cent to €1523m, while the trading profit increased by 14.7 per cent to €1022m. A lower €46m gain was taken on the sale of emission permits in the period. The net attributable profit, after charging restructuring costs and writing €200m off the assets in Greece, tumbled 95 per cent to €13m. Net debt at the end of June was 12 per cent lower at €12,550m and the gearing increased slightly from... |
Dangote Cement pretax profit rises, Nigeria03 August 2012, Published under Cement NewsNigeria’s leading producer Dangote Cement said on Thursday its pretax profit for the first half grew by 23 per cent YoY to NGN71.3bn (US$443m), from NGN58.1bn last year. Turnover at the cement maker climbed to NGN142bn during the period, compared with NGN112.7bn a year ago, it said in a filing with the Nigerian Stock Exchange. |
Lafarge WAPCO pretax profit rises, turnover falls, Nigeria02 August 2012, Published under Cement NewsLafarge WAPCO said on Tuesday that its 1H12 pre-tax profit rose 19 per cent YoY to NGN12.18bn (US$76m). However, turnover fell to NGN46.34bn during the period from NGN62.50bn a year ago, the company said in a filing with the Nigerian Stock Exchange. |
Dangote Cement applies for two-year free float extension, Nigeria31 July 2012, Published under Cement NewsDangote Cement Plc is seeking an extension of the free-float waiver it secured from the when it merged with Benue Cement Company Plc two years ago, reports from the Nigerian Stock Exchange (NSE) indicated. The 24-month waiver extension is to enable the company remain listed on the stock exchange despite maintaining a free-float that is below 25 per cent, a violation of the NSE requirement for listed companies. Out of the companies listed on the Nigerian bourse, Dangote Cement is one o... |
Lagos state agrees deal with Lafarge and Dangote24 July 2012, Published under Cement NewsThe Lagos State Government has signed a new deal with Dangote Cement Plc and Lafarge Cement WAPCO Plc to ensure undisrupted cement supplies to construction firms contracted to handle various infrastructure project which the state government is set to embark upon. Commissioner for Works and Infrastructure, Dr. Obafemi Hamzat revealed the details at a media briefing where he said the state government had started looking into cement mix as an alternative method in road construction. Ha... |
Cement Co of Northern Nigeria reports 48% drop in quarterly profit11 July 2012, Published under Cement NewsCement Company of Northern Nigeria Plc has reported a 48 per cent drop in first-quarter profit. Net income for the three months through March declined to NGN268m (US$1.7m) from NGN511.4m a year earlier, the Sokoto, northern Nigeria-based company said in a statement yesterday. Revenue was relatively flat at NGN3.1bn. |
Dangote to be issued with Zambian mining licence, Zambia10 July 2012, Published under Cement NewsAn advisory committee set up by the Zambian government is to meet within the next two weeks and issue a mining licence to Dangote Cement of Nigeria. The delay to the issuance has resulted in delays to construction of Dangote’s 1.5Mta cement plant in Zambia’s Masaiti District on the Copperbelt. However, the Mines, Energy and Water Supply Permanent Secretary Victor Mutambo has now said the advisory committee would be sitting in the next two weeks and would issue Dangote Industries with the ... |
Dangote Cement to improve distribution network, Nigeria25 June 2012, Published under Cement NewsThe management of Dangote Cement said it was reviewing its distribution network to ensure availability of the product by creating wider access for its customers. The company said that this would not only ensure price stability but also guarantee availability of product at the most reasonable price. Devakumar Edwin, Group Managing Director of Dangote Cement, said that at the height of skyrocketing cement prices, the company had acquired 5000 trucks to boost its logistics and pave the way f... |